Advertiser Disclosure

InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.

Etrade Launches Cryptocurrency Trading

Etrade Financial Group, a brokerage firm, plans to provide customers with the opportunity to trade cryptocurrency on its platform.

According to Bloomberg’s publication, by referring to a source familiar with the situation, the company will first offer to trade Bitcoin and Ethereum, but later other cryptocurrencies will be added to the platform. Etrade representatives refused of commenting on this information.

Etrade is one of the largest brokerage firms in the market. The Company serves almost 5 million customer accounts. According to a report filed to the US Securities and Exchange Commission (SEC), E-Trade earned $9.6 billion last year, and the Company’s total assets exceed $65 billion. Appearing of the Company on the cryptocurrency platform is a sign of acceptance of digital assets in the financial industry.

It should be noted that last year, the Robinhood platform, one of the Etrade competitors, announced providing cryptocurrency trading in five US states, and earlier this year, the Company received BitLicense for providing crypto assets services in New York State. At the same time, Robinhood even overpassed Etrade by the number of trading accounts for a while.

About the author

InvestorGreg Editorial Team

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

Fidelity
A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.
Charles Schwab
Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.
E*TRADE
ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.
Vanguard
Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Full list of recommended

Suggested For You

Telegram Will Launch a Blockchain Platform and Cryptocurrency in March 2019 JAN 23, 2019 Telegram prepares to launch a working version of TON (a blockchain platform) and Gram (its own cryptocurrency) in March 2019 they will be available to all.
Robinhood Provided the Opportunity to Buy Fractional Shares DEC 16, 2019 Robinhood, a fin-tech startup, provided users with the opportunity to buy fractional shares of popular companies and ETFs.
IBM Shares Appreciated by 10% and Showed the Fastest Growth in Ten Years JAN 25, 2019 Shares of IBM, the American manufacturer of computers and software components, appreciated by 10.2 percent during trading on January 23, according to trading data on the New York Stock Exchange (NYSE).
Gold Continues to Fall in Price on the USD Strengthening FEB 11, 2019 The price of gold falls on Friday in the morning; this trend lasts for six trading sessions in a row against the background of the continuing the USD strengthening against most world currencies, according to the data of trades and analysts’ comments.
Charles Schwab Will Buy TD Ameritrade for $26 Billion NOV 29, 2019 Charles Schwab, the largest US broker, announced the purchase of its competitor, TD Ameritrade, by pooling of interests. The deal amounted to $ 26 billion.